HashKey Unveils Plans for $500M Fund to Build Digital Asset Treasuries

HashKey, a Hong Kong-based crypto exchange, has announced plans to launch a $500 million fund for digital asset treasury investments. If the company succeeds, it will be one of the largest institutional pushes into crypto asset management in Asia.

HashKey is one of the first licensed and regulated exchanges in Hong Kong. The initiative will focus on building a diversified portfolio anchored in mainstream cryptocurrencies, with initial allocations toward Bitcoin (BTC) and Ether (ETH). The company emphasized that the goal is to establish “an institutional bridge between traditional financial capital and on-chain assets” by encouraging standardized, professional management of digital treasuries.

The move comes as a growing number of publicly listed firms embrace the strategy of accumulating large crypto reserves as part of their corporate treasuries. This trend was popularized by MicroStrategy (MSTR), led by Michael Saylor, which began aggressively purchasing bitcoin in 2020 and now holds more than 600,000 BTC.

HashKey’s fund appears to be a response to this wider corporate shift. Companies have recently started to use the treasury model for Ether as well as Bitcoin. For instance, crypto miner BitMine (BMNR) and sports betting company SharpLink Gaming (SBET) have begun adding ETH to their reserves. This shows that the digital asset market is becoming more diverse in terms of its treasury.

HashKey is putting itself at the center of this movement in the hope that institutional investors will want more standardized ways to handle their crypto exposure. The $500 million fund is meant to meet this demand by giving people access to digital assets and trying to make treasury administration more professional and legitimate.

Industry observers view HashKey’s announcement as a significant step for Hong Kong’s ambition to establish itself as a global crypto hub, blending regulated frameworks with institutional-grade financial products.